The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
Thursday, December 4, 2014
long-term DXY
Quarterly chart of the U.S.Dollar Index going back to the 1970's. Provided the gains hold through the end of the year we could be witness to a breakout on a very long-term time frame.
1 comment:
This has so far been the trade of the year.
Following the recent pullback, it will be interesting to see US$ continue its march higher, giving some nice directional moves in currencies.
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